Columbus McKinnon Corporation (NASDAQ:CMCO) VP Gene P. Buer sold 30,529 shares of Columbus McKinnon Corporation stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $38.00, for a total value of $1,160,102.00. Following the completion of the transaction, the vice president now directly owns 17,136 shares in the company, valued at $651,168. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Columbus McKinnon Corporation (CMCO) opened at $38.27 on Monday. The firm has a market capitalization of $880.15, a price-to-earnings ratio of 22.78 and a beta of 1.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Columbus McKinnon Corporation had a return on equity of 10.95% and a net margin of 2.65%. The company had revenue of $212.80 million for the quarter, compared to analyst estimates of $203.27 million. During the same quarter last year, the firm earned $0.36 EPS. Columbus McKinnon Corporation’s revenue for the quarter was up 40.0% compared to the same quarter last year. equities research analysts anticipate that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, November 9th. Columbus McKinnon Corporation’s payout ratio is presently 18.82%.

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CMCO has been the topic of several recent research reports. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Roth Capital initiated coverage on Columbus McKinnon Corporation in a report on Friday, July 28th. They set a “buy” rating and a $33.00 price objective on the stock. ValuEngine raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday. Finally, BidaskClub raised Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Columbus McKinnon Corporation currently has an average rating of “Buy” and a consensus price target of $37.00.

Hedge funds have recently made changes to their positions in the stock. Laurion Capital Management LP acquired a new stake in Columbus McKinnon Corporation in the 2nd quarter valued at $202,000. WealthTrust Axiom LLC acquired a new stake in Columbus McKinnon Corporation in the 3rd quarter valued at $227,000. American International Group Inc. boosted its stake in Columbus McKinnon Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock valued at $297,000 after buying an additional 795 shares in the last quarter. Voya Investment Management LLC boosted its stake in Columbus McKinnon Corporation by 10.8% in the 2nd quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock valued at $315,000 after buying an additional 1,208 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Columbus McKinnon Corporation by 48.3% in the 2nd quarter. Alliancebernstein L.P. now owns 12,900 shares of the industrial products company’s stock valued at $328,000 after buying an additional 4,200 shares in the last quarter. 85.06% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Corporation Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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